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Tpy6a [65]
3 years ago
6

At age ​20, to save for​ retirement, Rebecca decides to deposit 80​$ at the end of each month in an IRA that pays 6.2% compounde

d monthly. Use the formula for the value of an annuity.
A=P[(1+r/n)^nt-1]/(r/n)

How much money will be in the IRA when Rebecca​ retires?

How much interest will the IRA have​ gained?
Mathematics
1 answer:
artcher [175]3 years ago
7 0

Answer:

159319.26 I Don't know the interest

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